EGA 0.00% 28.5¢ egan street resources limited

Ann: Outstanding Results from Ore Sorting Testwork at Rothsay, page-4

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  1. 10,813 Posts.
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    It really changes the economics of the project. The ultramafic hanging wall was always a potential problem due to its fragility and it scared off a lot of potential miners of Rothsay. Sorting the material coming out will make a massive difference to the AISC of Rothsay and have a major impact on the economics of the project.

    If the market was rational we would see a 20% rise in the SP today, but given almost nobody follows EGA I suspect we will close flat or slightly up. In the end once the gold starts pouring that is all that matters.
 
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